1 week Ago By ABMN Staff
Kolinsky Wealth Management LLC reduced its stake in shares of Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 12.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 12,588 shares of the information services provider’s stock after selling 1,807 shares during the quarter. Alphabet comprises 1.3% of Kolinsky Wealth Management LLC’s portfolio, making the stock its 11th biggest position.
Kolinsky Wealth Management LLC’s holdings in Alphabet were worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Christopher J.
Hasenberg Inc grew its stake in Alphabet by 75.0% in the second quarter. Christopher J.
Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 60 shares during the period. LMR Partners LLP acquired a new stake in shares of Alphabet during the third quarter worth about $32,000. Kings Path Partners LLC bought a new position in shares of Alphabet during the 2nd quarter valued at about $36,000.
Denver PWM LLC acquired a new position in shares of Alphabet in the 2nd quarter valued at approximately $41,000. Finally, Quarry LP bought a new stake in Alphabet during the 2nd quarter worth approximately $53,000. 40.
03% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth Several research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $210.
00 price target on shares of Alphabet in a report on Wednesday, October 30th. Roth Mkm increased their target price on Alphabet from $206.00 to $212.
00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Pivotal Research boosted their price target on Alphabet from $215.00 to $225.
00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price objective on Alphabet from $204.00 to $210.
00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $190.00 target price on shares of Alphabet in a research note on Wednesday, October 30th.
Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.
03. Alphabet Trading Up 5.5 % Shares of NASDAQ:GOOGL opened at $195.
40 on Thursday. The stock has a market cap of $2.39 trillion, a PE ratio of 25.
92, a P/E/G ratio of 1.24 and a beta of 1.01.
The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.
04. Alphabet Inc. has a 12-month low of $129.
68 and a 12-month high of $195.61. The business has a 50 day moving average of $170.
07 and a 200-day moving average of $170.28. Alphabet ( NASDAQ:GOOGL – Get Free Report ) last issued its quarterly earnings data on Tuesday, October 29th.
The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.
29. Alphabet had a return on equity of 31.66% and a net margin of 27.
74%. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.
85 billion. During the same period in the prior year, the firm posted $1.55 EPS.
As a group, equities research analysts forecast that Alphabet Inc. will post 8.01 earnings per share for the current year.
Alphabet Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a dividend of $0.20 per share.
This represents a $0.80 dividend on an annualized basis and a yield of 0.41%.
The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is 10.61%.
Insiders Place Their Bets In related news, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.
46. Following the transaction, the director now owns 16,490 shares in the company, valued at approximately $2,820,779.40.
This trade represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.
28. Following the completion of the transaction, the chief accounting officer now directly owns 29,183 shares of the company’s stock, valued at approximately $4,927,257.72.
This trade represents a 4.47 % decrease in their position. The disclosure for this sale can be found here .
Insiders sold 197,123 shares of company stock worth $34,121,676 in the last quarter. 11.55% of the stock is currently owned by corporate insiders.
Alphabet Profile ( Free Report ) Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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